Crude Oil weekly special report based on 1.00 Lot Calculation:
GEOPOLITICAL TENSIONS RISE: MIDDLE-EAST
- BREAKING (JANUARY 23): THE USA SENDS AN “ARMADA” OF SHIPS TO THE MIDDLE EAST NEAR IRAN, A STRONG INDICATION OF POSSIBLE ESCALATION. The United States had previously directed the USS Abraham Lincoln and its carrier strike group to depart the South China Sea and redeploy toward the Middle East. At the same time, the USS Roosevelt destroyer, equipped with advanced air-defense capabilities, has been positioned to help protect U.S. bases in the region from potential Iranian attacks. In addition, satellite imagery from Muwaffaq Salti Air Base in Jordan shows a notable increase in U.S. military assets, including the deployment of F-15 fighter jets located approximately 900 km from Iran. This development represents one of the most significant U.S. air power buildups in the region in recent years.
IRANIAN OIL PRODUCTION AT RISK: Iran is one of the top three oil producers within OPEC, along with Saudi Arabia and Iraq, producing around 4 million barrels of oil per day, which is around 4% of total global supply.
IRAN OIL EXPORTS AT RISK: Iran exports around 1.7 million barrels of oil per day, predominantly to China.
STRAIT OF HORMUZ AT RISK: KEY OIL SUPPLY ROUTE. The Strait of Hormuz is a critical energy chokepoint through which around 20% of global crude oil demand passes, mainly from Saudi Arabia, Kuwait, and Iran. Rising tensions with Iran increase the risk that Tehran could attempt to block or disrupt traffic through the strait, which would significantly tighten global oil supply and add upside pressure to oil prices.
Source: Reuters, CNBC, Bloomberg
OTHER GEOPOLITICS: RUSSIA-UKRAINE CONFLICT
- EVENT (FRIDAY, JANUARY 23): A TRILATERAL SUMMIT BETWEEN THE USA, UKRAINE, AND RUSSIA WILL TAKE PLACE IN ABU DHABI. Ukraine, Russia, and the United States are set to hold three-way talks there on Friday, marking the first time the three countries have sat down together since Russia’s invasion in 2022.
BREAKING (JANUARY 22): US SPECIAL ENVOY STEVE WITKOFF AND JARED KUSHNER MET RUSSIAN PRESIDENT PUTIN IN RUSSIA, BUT TERRITORIAL ISSUES REMAINED KEY PROBLEMS.
BREAKING (JANUARY 22): US PRESIDENT TRUMP AND UKRAINIAN PRESIDENT ZELENSKY MET IN DAVOS, SWITZERLAND. Zelensky, after meeting Trump in Switzerland on Thursday, said that the issue of territory remained unsolved.
Source: Reuters, CNBC, Bloomberg
TECHNICAL ANALYSIS
- SUPPORT AREA: $55 - $60. According to the weekly chart below, crude oil has tested levels between $55 and $60 five times since 2021.
- BREAKING (DECEMBER 16, 2025): CRUDE OIL HAS TESTED ITS LOWEST RATE SINCE FEBRUARY 2021 ($54.865). The crude oil price has tested its lowest rate since February 2021. Currently, crude oil is trading around the $59 mark, floating around its longer-term support area between $55 and $60. However, it could also decline.
GRAPH (Weekly): February 2021 – January 2026
Please note that past performance does not guarantee future results
Crude Oil, January 23, 2026
Current Price: 59.50
|
Crude Oil |
Weekly |
|
Trend direction |
|
|
70.00 |
|
|
67.00 |
|
|
63.00 |
|
|
56.50 |
|
|
56.00 |
|
|
55.50 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
Crude Oil |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
10,500 |
7,500 |
3,500 |
-3,000 |
-3,500 |
-4,000 |
|
Profit or loss in €² |
8,945 |
6,389 |
2,982 |
-2,556 |
-2,982 |
-3,407 |
|
Profit or loss in £² |
7,780 |
5,557 |
2,593 |
-2,223 |
-2,593 |
-2,964 |
|
Profit or loss in C$² |
14,475 |
10,339 |
4,825 |
-4,136 |
-4,825 |
-5,514 |
- 1.00 lot is equivalent of 1000 units
- Calculations for exchange rate used as of 09:00 (GMT) 23/01/2026
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.